August 24, 2005

The 286-room InterContinental Dusseldorf (Germany) will open next week. The property has 21 meeting rooms, including a ballroom that seats up to 726, and 6,900 square feet of exhibit space.

Peebles Atlantic Development Corp. has bought 87 acres of oceanfront in Pacifica, Calif., 15 minutes south of downtown San Francisco. The retail-residence-hotel development plan will be modeled after California's Half Moon Bay and will feature a luxury hotel offering between 200 and 300 rooms. The development group's CEO R. Donahue Peebles hopes to have the hotel open in two to three years.

The historic Palmer House Hilton in Chicago was acquired last Wednesday for $230 million by Thor Equities, a company that specializes in urban redevelopment projects. Thor plans to spend more than $100 million to renovate the 1,639-room hotel and add a retail center. Hilton will continue to manage the property, which offers 130,000 square feet of meeting space.

Sydney, Australia-based Rendezvous Hotels International will manage the Rendezvous Baohong Hotel, Sanya, on the Chinese resort island of Hainan in the South China Sea. The property, set to open in October 2005, features 300 guest rooms, 31 suites, a "Western-style" restaurant, a recreation center, a grand dining hall for 300 people and 10 meeting rooms for up to 550 people. Rendezvous currently operates seven hotels in the Asia-Pacific region.